https://www.taxtmi.com/circulars?id=10372 Section 11(1A) deems capital gain applied to charitable or religious purposes where net consideration from transfer of a capital asset held under trust is utilised to acquire another capital asset; the Board advises that investing the net consideration in bank fixed deposits for a prescribed minimum period qualifies as such acquisition, and officers must be notified for administrative compliance. en-us Wed, 24 Sep 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10372 Section 11(1A) deems capital gain applied to charitable or religious purposes where net consideration from transfer of a capital asset held under trust is utilised to acquire another capital asset; the Board advises that investing the net consideration in bank fixed deposits for a prescribed minimum period qualifies as such acquisition, and officers must be notified for administrative compliance. Circulars Income Tax Wed, 24 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10372